Here are some breaking news stories about the crypto market today ¹ ² ³:
- *Market Downturn*: The crypto market is experiencing a downturn, with Bitcoin plummeting 3.3% to $103,556 following Israeli airstrikes on Iran's nuclear facilities, triggering a massive liquidation cascade that destroyed over $1.16 billion in leveraged positions within 24 hours.
- *SEC Delays*: The US SEC has delayed decisions on several crypto-related ETFs, including VanEck's spot Avalanche ETF and Grayscale's spot Hedera ETF.
- *Ripple and SEC*: Ripple and the SEC have filed a joint motion to dissolve an injunction and release a $125 million civil penalty in the ongoing XRP lawsuit.
- *Coinbase*: Coinbase is set to launch crypto perpetual futures for US traders, expanding its offerings and increasing accessibility to crypto derivatives.
- *Stablecoin Market*: The stablecoin market has reached a record high of $228 billion, driven by renewed crypto trading activity and growing use cases.
- *Trident Digital*: Trident Digital has committed $500 million to build a large-scale corporate XRP reserve, signaling growing institutional interest in XRP.
- *Circle's USDC*: Circle's USDC stablecoin has officially launched on the XRP Ledger, expanding its reach and unlocking new cross-chain liquidity paths.
- *GameStop*: GameStop is raising $2.25 billion, potentially to invest in Bitcoin, after increasing its planned convertible note offering.
- *Shopify*: Shopify is piloting USDC payments via Coinbase and Stripe, enabling businesses to accept stablecoin payments.
